Disney Worth the Price of Admission

Though shares are near a record high, now is not the time to get off Disney's magical ride.

Walt Disney is working its magic and having no trouble keeping investors under its spell.

Late Tuesday, the media and entertainment giant reported that operating profit dropped during the first quarter of its 2013 fiscal year. But it was a smaller dip than analysts expected as gains from its videogame business and higher profit from theme parks and the ABC broadcast unit helped offset weak earnings from films and cable television.